If the costs of performing a contract have unforeseeable risen so unexpectedly and dramatically that performance would result in a substantial loss, the contract may be discharged on the grounds of:
a. common-law rule.
b. frustration of purpose.
c. commercial impracticability.
d. economic stability.
c
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Most individuals are NOT risk-averse
Indicate whether the statement is true or false
The 1934 Act requires companies with a class of stock that is publicly traded to make ongoing, regular disclosure with the SEC
Indicate whether the statement is true or false
If an individual buys stock on margin and its price rises,
A. the investor must put up additional collateral. B. the investor must pay tax on the unrealized gain. C. the investor must pay interest on the borrowed funds. D. the investor may take delivery of the stock.
Article 2 of the UCC covers the sale of:
a. the copyright on a book b. business services c. investment securities d. commercial real estate e. none of the other choices